George A And Angela G Paterakis Center Ltd
- Assets
- $1.3m
- Revenue
- $8.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Wheeling, IL
- Founding
- 09/2017
- Data as of
- 05/2023
- EIN
- 47-4050597
Organization Overview
George A And Angela G Paterakis Center Ltd is located in Wheeling, IL. The organization was established in 2017. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George A And Angela G Paterakis Center Ltd is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 05/2023, George A And Angela G Paterakis Center Ltd generated $8.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $226.0k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FACILITIES SUPPORT FOR THE GREEK AMERICAN REHABILITATION & CARE CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PATERAKIS CENTER FUNCTIONS AS A TITLE-HOLDING ORGANIZATION FOR GREEK AMERICAN HEALTH SERVICES FOUNDATION (EIN: 83-1048507) WHICH MAINTAINS THE PRIMARY PURPOSE OF PROVIDING REHABILITATION AND LONG-TERM CARE SERVICES TO THE GREATER COMMUNITY. THE RELATIONSHIP PROVIDES FOR CONTINUING FINANCIAL SUPPORT AS WELL AS SHARED ADMINISTRATION COUPLED WITH UTILIZATION OF SHARED OFFICERS, DIRECTORS AND TRUSTEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula A Tolan-Francis JD Board Secretary | OfficerTrustee | 0.1 | $0 |
Eleni Bousis Board Chair | OfficerTrustee | 0.1 | $0 |
Peter G Karahalios JD Board President | OfficerTrustee | 0.1 | $0 |
Effie Galetsis-Lalios Garcc - Chief Financial Officer | Officer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $8,228 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,228 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,700 |
| Advertising and promotion | $0 |
| Office expenses | $3,771 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,080 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,683 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $226,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,445 |
| Savings and temporary cash investments | $559,082 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $728,360 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,295,887 |
| Accounts payable and accrued expenses | $71,019 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $670,000 |
| Total liabilities | $741,019 |
| Net assets without donor restrictions | $554,868 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,295,887 |